Texas Instruments (NASDAQ:TXN) Price Target Increased to $156.00 by Analysts at Morgan Stanley

Texas Instruments (NASDAQ:TXN) had its target price hoisted by stock analysts at Morgan Stanley from $150.00 to $156.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the semiconductor company’s stock. Morgan Stanley’s price target indicates a potential downside of 22.44% from the company’s current price.

Several other equities analysts also recently issued reports on the company. Mizuho lifted their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective for the company. TD Cowen boosted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Finally, Citigroup increased their price target on shares of Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $183.90.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $2.49 on Thursday, hitting $201.13. The stock had a trading volume of 1,652,638 shares, compared to its average volume of 5,438,087. The company has a market capitalization of $183.12 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 4.36 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The firm’s 50 day moving average price is $194.41 and its 200-day moving average price is $177.10. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $206.00.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. During the same period in the previous year, the business earned $1.85 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments will post 5.13 earnings per share for the current year.

Insider Buying and Selling at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the sale, the director now owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

A number of large investors have recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc bought a new stake in shares of Texas Instruments in the fourth quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in Texas Instruments during the fourth quarter worth $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the fourth quarter valued at $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments in the 4th quarter valued at $31,000. Institutional investors own 84.99% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.